Today: Govt to hold emergency talks with energy chiefs as anger over spiralling energy bills rises August 11, 2022 Energy bosses will meet with Government tomorrow, to discuss how they can ease pressure on consumers facibng record bills.
UK venture capital firm Arix looks to Nasdaq to rebuild portfolio after losses August 11, 2022 UK venture capital firm Arix Bioscience is looking to the US for “undervalued opportunities” in a bid to rebuild its portfolio value after losses this year. The London-listed fund has lost £25m from its portfolio value so far this year, it revealed its in half-year results yesterday, as the pandemic momentum behind acquisitions wanes. The [...]
Fluctuating copper prices result in 30 per cent revenue drop for Antofagasta August 11, 2022 Antofagasta’s revenue dropped 30 per cent to $2.5bn (£2.05bn) in the first half of 2022 as market volatility led to lower copper prices and sales while a drought persisted in Chile. The Chilean mining company reported profit before tax at $680m (£557m), a $1.1bn (£0.9bn) decline from a year before with EBITDA 47.5 per cent [...]
Asda, Boots and Primark among retailers urging officials to prioritise crime against shop staff August 11, 2022 High street staples including Tesco, Aldi and Primark have signed a letter urging police commissioners to prioritise tackling crimes against shop staff. Some 105 retailers have written to police and crime commissioners in England and Wales, calling for more help with increasing violence and anti-social behaviour towards workers. Reports of abuse towards shop staff have [...]
Growing inequality and financial strain is a threat to London’s social cohesion August 11, 2022 OUR great city works well because we Londoners muddle through together without too much friction. “Live and let live”’ has a claim to be the defining London motto. But there have been times where that harmony has shattered. I remember the shock of Tottenham and Croydon burning in August 2011 and of shops being boarded [...]
There are solutions to cooling down our cities if our politicians can just grasp them August 11, 2022 With temperatures set to soar across Europe this week, cities are once again facing the urban heat island effect – a common problem in metropolitan areas where the air temperature is significantly higher than in suburban areas. Citizens, city planners and government officials must prioritise finding cost-effective and efficient ways to keep our cities cool. [...]
SoftBank set to book $34bn gain by slashing Alibaba stake August 10, 2022 Japanese investment giant SoftBank said it would book a $34.1bn gain by cutting its stake in Alibaba today as it looks to shore up its balance book after a bruising first half of the year.
Cost of living crunch: 1 in 4 shop workers skip meals each month to pay bills August 10, 2022 One in four shop workers are skipping meals each month to meet bill payments, according to research from a trade union. This figure has leapt from 1 in 20 last year, as Britain’s lowest paid workers struggle amid the throes of cost of living crunch, according to a survey by Usdaw union. Inflation is anticipated [...]
US inflation under shoot boosts London’s FTSE 100 and Wall Street August 10, 2022 City traders today were boosted by signs of inflation cooling in the world’s biggest economy sparking a rally on Wall Street. London’s premier FTSE 100 index climbed 0.25 per cent to 7,507.11 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, surged nearly two per [...]
Clyde & Co partners see payouts drop to £708,000 August 10, 2022 London law firm Clyde & Co today said its partners will see their pay packages drop by sums of £7,000 after the addition of 44 new partners diluted its profit-per-equity-partner ratios. Clyde & Co’s 480 partners will see their payouts drop from sums of £715,000 last year to £708,000 for the financial year 2022, the [...]
